Intuitive Machines' (LUNR) Sell (D-) Rating Reaffirmed at Weiss Ratings

Intuitive Machines (NASDAQ:LUNR - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on LUNR. UBS Group reissued a "buy" rating on shares of Intuitive Machines in a research note on Monday, August 18th. Craig Hallum began coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price for the company. Bank of America lowered their price target on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating for the company in a research report on Monday, August 25th. Zacks Research raised Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Finally, Canaccord Genuity Group lowered their price target on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Intuitive Machines currently has a consensus rating of "Hold" and an average target price of $15.44.

Intuitive Machines Trading Up 5.9%

NASDAQ LUNR opened at $12.48 on Wednesday. Intuitive Machines has a 1-year low of $6.14 and a 1-year high of $24.95. The stock has a 50-day moving average of $9.71 and a 200-day moving average of $9.93. The firm has a market cap of $2.23 billion, a PE ratio of -3.85 and a beta of 1.41.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.05). The firm had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Intuitive Machines will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $42,111,954.40. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 161,016 shares of company stock valued at $1,997,001. 39.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Philadelphia Trust Co. raised its position in shares of Intuitive Machines by 10.0% in the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after acquiring an additional 1,000 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Intuitive Machines by 35.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company's stock worth $47,000 after acquiring an additional 1,127 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Intuitive Machines by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company's stock worth $147,000 after acquiring an additional 1,499 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company's stock worth $30,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Bulltick Wealth Management LLC raised its position in shares of Intuitive Machines by 6.4% in the 2nd quarter. Bulltick Wealth Management LLC now owns 35,000 shares of the company's stock worth $380,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors own 72.21% of the company's stock.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.

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